Common use of Transfers for Estate Planning Clause in Contracts

Transfers for Estate Planning. Notwithstanding Section 2.01, any Stockholder who is a natural Person, so long as the applicable transferee executes a counterpart signature page to this Agreement agreeing to be bound by the terms of this Agreement applicable to such Stockholder, shall be permitted to make the following Transfers: i. any Transfer of shares of Common Stock by such Stockholder to its Family Group without consideration or to a charitable organization; provided, that no further Transfer by such member of such Stockholder’s Family Group or by such charitable organization may occur without compliance with the provisions of this Agreement; and ii. upon the death of any Stockholder who is a natural Person, any distribution of any such shares of Common Stock owned by such Stockholder by the will or other instrument taking effect at death of such Stockholder or by applicable laws of descent and distribution to such Stockholder’s estate, executors, administrators and personal representatives, and then to such Stockholder’s heirs, legatees or distributees; provided, that a Transfer by such transferor pursuant to this Section 2.02(b)(ii) shall only be permitted if a Transfer to such transferee would have been permitted if the original Stockholder had been the transferor.

Transfers for Estate Planning. Notwithstanding Section 2.01, any Stockholder Shareholder who is a natural Person, so long as the applicable transferee executes a counterpart signature page to this Agreement agreeing to be bound by the terms of this Agreement applicable to such StockholderShareholder, shall be permitted to make the following Transfers: i. any Transfer of shares of Common Stock by such Stockholder Shareholder to its Family Group without consideration or to a charitable organization; provided, that no further Transfer by such member of such StockholderShareholder’s Family Group or by such charitable organization may occur without compliance with the provisions of this Agreement; and ii. upon the death of any Stockholder Shareholder who is a natural Person, any distribution of any such shares of Common Stock owned by such Stockholder Shareholder by the will or other instrument taking effect at death of such Stockholder Shareholder or by applicable laws of descent and distribution to such StockholderShareholder’s estate, executors, administrators and personal representatives, and then to such StockholderShareholder’s heirs, legatees or distributees; provided, that a Transfer by such transferor pursuant to this Section 2.02(b)(ii) shall only be permitted if a Transfer to such transferee would have been permitted if the original Stockholder Shareholder had been the transferor.

Transfers for Estate Planning. Notwithstanding Section 2.01, any Stockholder who is a natural Person, so long as the applicable transferee executes a counterpart signature page to this Agreement agreeing to be bound by the terms of this Agreement applicable to such Stockholder, shall be permitted to make the following Transfers: i. any Transfer of shares of Common Stock by such Stockholder to its Family Group without consideration or (it being understood that any such Transfer shall be conditioned on the receipt of an undertaking by such transferee to Transfer such shares of Company Stock to the transferor if such transferee ceases to be a charitable organizationmember of the transferor’s Family Group); provided, that no further Transfer by such member of such Stockholder’s Family Group or by such charitable organization may occur without compliance with the provisions of this AgreementAgreement or to a charitable organization; and ii. upon the death of any Stockholder who is a natural Person, any distribution of any such shares of Common Stock owned by such Stockholder by the will or other instrument taking effect at death of such Stockholder or by applicable laws of descent and distribution to such Stockholder’s estate, executors, administrators and personal representatives, and then to such Stockholder’s heirs, legatees or distributees; provided, that a Transfer by such transferor pursuant to this Section 2.02(b)(ii) 2.02(b)ii shall only be permitted if a Transfer to such transferee would have been permitted if the original Stockholder had been the transferor.